Market Watch FY 2012 – A Year in Review Pt. 3

Part 3 – Reported SME Receiverships, administrations and liquidations.  

Ascent Partners director, Richard Rasmussen, outlines the many reported receiverships, administrations and liquidations during the 2012 financial year in the SME (Small Medium Enterprises) sector.

While I don’t see this collection of industry receiverships, administrations and liquidations as a definitive list, this is simply what I have been able to pick up from the trade press and from my networks and reported in Market Watch. It should also be noted, that these were ‘as reported’, and that the end result may have been a trade sales or amalgamation. However, it is fair to say the vast majority ended as closures.

It can also be assumed that the number is far greater than this. The methodology in the collection of the data largely relies on what was reported. It does however show many businesses in our industry were unable to continue to trade.  I’m sure they each have their own story to tell.

I hope that more in the industry choose to report this type of information through to media outlets such Print21, where they will always be kept confidential, and independently verified.

Note that large enterprise receiverships, administrations and liquidations were reported two weeks, ago, in part one of this series.

Legend for table:

VA-Voluntary Administration; A-Administration; R-Receivership; L-Liquidation; WU-Wound Up; NWP-Notice to wind up; CM-Creditor’s meeting.

This list was developed after the collation of data from Ascent Partners monthly Market Watch Bulletin. This bulletin is available on the free subscription basis from the web site:

www.ascentpartners.com.au.

Next week, in part 4 of this series, we will report on the FY 2012 Sales and Acquisitions in the SME sector.